Analysis of prices BTC, ETH, XRP (22.05.20)

BTC/USD

Bitcoin price yesterday was unable to hold above support at 38.2% Fibo (9441.99 USD) by the end of the day tested the indicator line POC (8858.55 USD), setting a daily low at point 8800.00 USD.

Night the price jumped above nine thousand dollars in the Asian session, buyers tried to continue the recovery, but on the morning of the trading volumes declined, and today, the pair may hang in the consolidation Point on the line Of Control (8858.55 USD).

As you can see, the bearish pressure has increased and yesterday the pair continued the decline. We believe that the consolidation in the POC line support may be a low level of around 8500.00 USD, and the rest of the week, the pair may fall back below the psychological mark 8000.00 USD.

ETH/USD

Ethereum yesterday, the price continued to fall below the psychological level of USD 200.00 and tested the support of the 78.6% Fibo (192.57 USD). At night the price of air rebounded in the region of two hundred dollars, but to gain a foothold in the area the night of the couple can not yet.

In the morning the pressure is missing, but the price on small volumes, continues to decrease to the felt yesterday to the support level 78.6% Fibo (192.57 USD). We believe that in this area, the possible short-term consolidation, but before the end of the week, the decline may continue to the descending purple line around 175.00 USD.

XRP/USD

Yesterday, the bearish pressure has increased and the price of Ripple fell back below the psychological mark of USD 0.200, and by the end of the day, set a daily low near the line POC (0.188 USD).

During the day, the price of the asset has dropped by almost 6.5% and the capitalization of Ripple fell to $8.5 billion At the Tether issue exceeded $8.8 billion, and according to the version information resource CoinMarketCap, this asset bypassed by market capitalization Ripple, taking his third place.

We believe that the decline in prices Ripple today will continue to the end of the week will reach the lower boundary of the purple downside channel, around 0.183 USD.

* All prices shown are based on data exchange BitStamp



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